Axane definition
Examples of Axane in a sentence
This sublease agreement will be concluded for a term equal to the duration of the lease between Axane and its lessor and for an amount of rent and charges corresponding to the prorata of the rent and charges paid by Axane to its lessor.
The put option right resulting from the above shall be exercised (as an option only) by Axane and its Affiliates within thirty (30) days following the receipt of the Change of Control Notice and the price payable by Plug Power to Axane and its Affiliates shall be equal to the Second Put Option Price.
In consideration for the Axane Contribution, the JV Company shall issue, on the Closing Date, in favor of Axane, the relevant number of JV Company Shares in order for Axane to hold 55% of the share capital and voting rights, on a fully diluted basis, of the JV Company (subject to the Plug Power Contribution).
For the avoidance of doubt, the Parties shall have no obligation to participate to any additional capital contribution to the JV Company (other than respectively the Axane Contribution and the Plug Power Contribution).
Without prejudice to the obligations of Axane under Section 3.1, the Parties agree that working capital requirements of the JV Company may be financed by debt subject to Section 15.1 and/or as long as Axane controls the JV Company, at Axane’s option, by participation of the JV Company to the “cash pooling” program of the Air Liquide Group.
For the purposes of Closing, EUR 1,800,000 (one million eight hundred thousand euros) shall be deposited by Axane (by wire transfer) on a blocked bank account opened in the name of the JV Company, at least eight (8) days before the Closing Date and the related certificate shall be issued by the depositary bank of the JV Company.
Said Second Put Option Notice shall set forth (i) the number of JV Company Shares Axane wishes to sell (which shall be all the JV Company shares then held by Axane or its Affiliates), (ii) if known, its calculation of the Second Put Option Price, and (iii) if know, its calculation of the Revised Second Payment (as such term is defined in paragraph (g) below).
Before taking such decision, the Board of Directors shall be provided in advance by Axane and/or Air Liquide Hydrogen Energy with all contractual, technical and financial documentation to be submitted to Oseo Innovation.
Axane is not and has not been subject to any court-ordered or similar liquidation or restructuring (procédure collective) and has not and will not, on the Closing Date, have suspended its payments or made any voluntary arrangement with its creditors.
Upon receipt of such notification, the relevant Put Option Transfer Date shall be extended by twenty-one (21) days and Axane shall confirm to Plug Power – at the latest on the date of expiry of this twenty-one (21) day period – whether or not it cancels the exercice of the relevant Put Option.